Marco Investment Management LLC Sells 369 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Marco Investment Management LLC decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 23,007 shares of the online travel company’s stock after selling 369 shares during the period. Marco Investment Management LLC’s holdings in Expedia Group were worth $3,492,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EXPE. Harbor Capital Advisors Inc. raised its stake in Expedia Group by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,090 shares of the online travel company’s stock valued at $773,000 after purchasing an additional 75 shares during the last quarter. Nilsine Partners LLC raised its position in Expedia Group by 1.7% in the 4th quarter. Nilsine Partners LLC now owns 5,725 shares of the online travel company’s stock valued at $869,000 after purchasing an additional 96 shares in the last quarter. Signaturefd LLC raised its position in Expedia Group by 11.8% in the 3rd quarter. Signaturefd LLC now owns 1,017 shares of the online travel company’s stock valued at $105,000 after purchasing an additional 107 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its position in Expedia Group by 0.4% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 25,321 shares of the online travel company’s stock valued at $3,843,000 after purchasing an additional 112 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Expedia Group by 22.6% during the 4th quarter. Allworth Financial LP now owns 629 shares of the online travel company’s stock worth $95,000 after acquiring an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the sale, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the completion of the sale, the director now owns 216,521 shares of the company’s stock, valued at $32,486,810.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the sale, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several research analyst reports. StockNews.com raised Expedia Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Benchmark boosted their target price on Expedia Group from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Oppenheimer reiterated an “outperform” rating and set a $175.00 target price on shares of Expedia Group in a research report on Monday, February 5th. Bank of America cut Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price target for the company. in a report on Friday, February 9th. Finally, Mizuho upped their target price on Expedia Group from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Thirteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Expedia Group currently has a consensus rating of “Moderate Buy” and an average target price of $149.12.

Expedia Group Price Performance

Shares of NASDAQ:EXPE traded down $0.55 during trading on Friday, reaching $135.70. 1,412,722 shares of the company traded hands, compared to its average volume of 1,680,016. The company’s 50 day moving average is $134.32 and its two-hundred day moving average is $134.37. The firm has a market capitalization of $18.49 billion, a PE ratio of 25.22, a PEG ratio of 0.42 and a beta of 1.86. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24. Expedia Group, Inc. has a 52 week low of $87.94 and a 52 week high of $160.05.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. As a group, sell-side analysts predict that Expedia Group, Inc. will post 9.71 earnings per share for the current year.

Expedia Group Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.